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20121210
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Search Results 0 to 29 of about 30
KOFY
Dec 10, 2012 11:30am PST
u.s. as leading economic power. china's economy growing at healthier pace forecasts by 2030, asia will surpass north america and europe combined of global power based on gross domestic product growth, investment in technology. >>> president obama will make his first comments later today in detroit on his one-on-one talks at the white house yesterday with house speaker boehner to dodge that fiscal cliff. yesterday's mattering was the first since election day. mr. obama is expected to reveal details when he speaks to auto work there's afternoon. >>> "wall street journal" reporting hostess used employee pension money to stay afloat as it sank deeper toward bankruptcy. it isn't clear how much money was taken from the funds. today is the final day for bidders interested in taking overwhat is left of hostess to step forward. so far 160 companies have expressed interest which include wonder bread and twinkies. hostess closed last month. >> this morning the national transportation safety board confirms mexican-american singing superstar jenni rivera died from a plane crash yesterday she w
KOFY
Dec 4, 2012 11:30am PST
economy is tough and times are a little tough this is news that cheers everyone up. >> british love her, it makes everybody a little happier. >> reporter: since the day they got engaged they've been talking about the importance of family. >> be able to have a happy family ourselves. >> reporter: the when was off the table when prince william sat down with katie couric in may. >> is there anything you would like to tell me? >> tight lips. >> reporter: kate toasting with water in september. last week prince william happy accepting a onesie. the clues were there, if you knew where to look. >> one of the many ways william and kate aren't that different from your average couple is the fact they got a puppy. when you -- >> reporter: kate is not one to back down from a challenge days before being admitted to the hospital she was playing field hockey in high heels. great role model for a daughter who would need to be strong. under new rules the first born will be next in line for the throne even if it is a girl, even if a boy comes later. potential queen elizabeth iii. >> at the moment we think
ABC
Dec 9, 2012 5:00pm PST
to reach a deal will have far-reaching consequences for the american economy. >> quick fix isn't the answer for the fiscal crisis says the director of the international monetary fund. a more comprehensive solution is needed. the chief says any deal between president obama and congressional republicans must do more than simply avoid the fiscal cliff to get america's economy growing again. >> still have up certain that -- uncertainty that fuels doubts, stops people from making decision. >> bud washington's top leader, house speaker john boehner, says there has been little progress. >> when it comes to the fiscal cliff threatening our economy and threatening jobs, the white house has wasted another week. >> democrats show no signs of backing off from supporting the president's hard-line stance on raising the incomes tax rate for the rich. >> we democrats realize there have to about two sides to the bargain, but in 2011 we put both revenues and cuts on the table. >> but one republican senator revealed this week that tax increases might help solve america's debt crisis. so far the g.o
ABC
Dec 9, 2012 11:35pm EST
get america pause economy growing again. >> there is still the degree of uncertainty. investors, entrepreneurs households, are not making decisions because they do not know what tomorrow will be. >> but washington's top republican leader, house speaker john boehner, complains there has been no progress in avoiding even immediate crisis. >> when it comes to the fiscal cliff disrupting our economy and threaten jobs, the white house has wasted another week. >> democrats shona signs of backing off from supporting the president's hard-line stance on raising the income tax rate on the rich. >> we realize there have to be two sets to the bargain, but we are not going to go back to what we did in 2011 putting both revenues and cuts on the table. >> despite the impasse in washington promising signs the economy might be improving -- more job creation, improvement in the housing sector, and a decrease in household debt. solution -- spending cuts combined with an increase in tax revenue. >> talks about the fiscal cliff and the meeting between president obama and john boehner -- >> the presi
ABC
Dec 7, 2012 5:00pm PST
to head for higher ground. >> police say they arrested a teenager on!n%z >> california economy may not be growing as well as has been reported. the state took in revenues last month that were 11% below projections. taxes were really down 213%. a portion due to corporate tax refunds going out last month. sales taxes areo;m(u better than expected. controller warned california must be disciplined. >> the government's monthly jobs report better than expected last month, showing the economy added 146,000 new jobs in november. bringing unemployment rate to 7.7 prgs, that is lowest in four years. california farmers want to hire more, but can't knlt. a report shows 61% reported having a shortage of workers on the farm. waits worse for farmer growsing labor intensive crops like vegetables and crop crops -- grapes. 71% said they're short on employees. the pew report says the number of unauthorized immigrants commonly known to worng farms remained constant over three years. >> pilots at american airlines approved a new labor contract. the union addressed -- announced results today saying 74%
ABC
Dec 10, 2012 11:00am PST
soon out-rank the u.s. as leading economic power. china's economy growing at healthier pace forecasts by 2030, asia will surpass north america and europe combined of global power based on gross domestic product growth, investment in technology. >>> president obama will make his first comments later today in detroit on his one-on-one talks at the white house yesterday with house speaker boehner to dodge that fiscal cliff. yesterday's mattering was the first since election day. mr. obama is expected to reveal details when he speaks to auto work there's afternoon. >>> "wall street journal" reporting hostess used employee pension money to stay afloat as it sank deeper toward bankruptcy. it isn't clear how much money was taken from the funds. today is the final day for bidders interested in taking overwhat is left of hostess to step forward. so far 160 companies have expressed interest which include wonder bread and twinkies. hostess closed last month. >> this morning the national transportation safety board confirms mexican-american singing superstar jenni rivera died from a pla
ABC
Dec 5, 2012 6:00am PST
state's economy. katie marzullo is live in the newsroom with that and the housing news. >> reporter: the new economic forecast from ucla has lukewarm predictions for california jobs and personal income will suffer under prop 30's tax hikes. housing improvements will help the state, california will continue to grow but not as much as it iced to. the forecast says the new tax -- tax revenues under prop 30 will slow economic growth but will not derail recovery. unemployment is one example jobless rate in california should average 10 1/2% by the end of the year improved to 9.7% in 2013 and fall to 8.4 in 2014. meanwhile, great news on home prices. they have surged more than 6% in one year, the biggest jump in six years. the median home price up $18,000 to $178,600. california is one of the top 10 states where prices are rising the fastest. just crossing the wires this morning, labor department reports u.s. workers were more productive this summer, they cost their companies less, that's good. banks are seeing profits again and starting to lend money a little more freely. katie marzullo,
ABC
Dec 7, 2012 4:00pm PST
report is better hahn expected. the labor zeptz the economy added 146,000 new jobs in november. the rate also fell to 7.7%. some people who are looking for work were not counted as unemployed because they stopped looking. there is evidence that itjte hirings. >> national highway safety administration proposed new rules requiring event data recorders or black box devices in most new cars and trucks produced in late 2014. auto makers have been tucking them for years, recording actions of the drivers and of a continuous loop. supporters say it can help determine the cause of accidents leading to safer vehicle design buzz privacy advocates say they won't support technology until policies to prevent misuse of the information collected are put into place. >> dish network may join forces and why are shares of groupon up so much? >> hi, john. soon be teeming up with sprint nextel, learning dish may cut a deal that would allow dish to offer mobile phone service. something it's been desperate to do to offset reliance on satellite tv business. people say the two could end up sharing the revenue. di
ABC
Dec 7, 2012 6:00am PST
better than expected. the economy added 146,000 jobs. the unemployment rate fell to 7.7%. the jobs report comes on the heels of the ongoing fiscal cliff debate. economists estimate 200,000 fewer jobs have been created this year due to uncertainty over the fiscal cliff. aides to president obama and speaker boehner met yesterday afternoon, but that meeting ended with no signs of progress. stay with abc7 morning news, 6:30 the opening bell live from the new york stock exchange. 6:45 live to jane king for an update. >>> in a few hours pearl harbor survivors as well as military and coast guard veterans will place a wreath in alameda to mark the 71st anniversary of the japanese attack on the pearl harbor base in hawaii. it will be followed by a 20 within gun salute. more than 2400 americans died when the japanese bombed pearl harbor in a surprise attack december 7th, 1941. the attack helped usher the u.s. into world war ii. 3:45 in afternoon sons and daughters of survivors will attend the 48th annual beacon lighting in honor of pearl harbor day. >>> the iphone is likely coming to t-mobil
ABC
Dec 4, 2012 4:00pm PST
optimistic. there is movement being made on both sides. >> that strike is costing u.s. economy estimated $1pgañ billion per day in lost trades. truckers honoring ticket lines. clerical union says the únf$wguz is jobs being shipped overseas. the port says it's offering 600 clerksz lifetime job security. >> former command yefr a task force is pleading guilty. the attorney tells axe bc 7 news the client will admit to five counts tomorrow in oakland, welsh is accused of stealing drugs from evidence lockers trying to sell drugs on the streets. he was caught in a sting operation in february, last year with guilty plea, he faces a minimum of 10 years in prison. >> santa clara county board president wril have to immediately pay back nearly $13,000 after using his taxpayer funded credit cards for personal expenses. our media partner has obtained a scathing internal audit revealing supervisor wrapped up $36,000 in questionable charges in taking office in 2009. they include car rentals, and stays at casino hotel autos still ahead on abc 7 news at 4:00 net flix signs a deal with disney. >> arnold
ABC
Dec 4, 2012 11:00am PST
else. >> when the economy is tough and times are a little tough this is news that cheers everyone up. >> british love her, it makes everybody a little happier. >> reporter: since the day they got engaged they've been talking about the importance of family. >> be able to have a happy family ourselves. >> reporter: the when was off the table when prince william sat down with katie couric in may. >> is there anything you would like to tell me? >> tight lips. >> reporter: kate toasting with water in september. last week prince william happy accepting a onesie. the clues were there, if you knew where to look. >> one of the many ways william and kate aren't that different from your average couple is the fact they got a puppy. when you -- >> reporter: kate is not one to back down from a challenge days before being admitted to the hospital she was playing field hockey in high heels. great role model for a daughter who would need to be strong. under new rules the first born will be next in line for the throne even if it is a girl, even if a boy comes later. potential queen elizabeth iii. >> a
ABC
Dec 7, 2012 12:00am PST
. that's good fuel economy. but far short of the 47 m p g that ford claims. >> ford contend it heard from some of the drives of fusion that they have gotten more than 47 miles per hour. and ford adds that driving styles another factor can cause mileage to vary. >> back to football now. festive raider fans have made their mark as most outlandish in football. raider nation truly in the league of its own. katie checked in with fans at raiderville before tonight's game. >> raider fans dedicated as they are decorated. most are outgoing. some are shy like she wouldn't tell me her age. >> she's young at heart. >>reporter: she and her son came up from l.a. >> this is our first raider game so this is exciting for u us. >>reporter: excitement and for some acceptance. >> that's right. it's all about having a good time. raiders broncos tonight matter all about having a good time. >>reporter: good time easy to find in raiderville and fans get to meet former players and snag an autograph but super fan james sorenson of hayward has all the ink he needs. >> al davis first trophy and i got the old school
ABC
Dec 6, 2012 4:30am PST
weakened u.s. economy and aging population in mexico. 80% of all illegal immigration comes from mexico and latin america. >>> mike has the forecast, especially -- [ inaudible ] >>> it is raiders day! how is the weather going to be? >> great for football upper 50s falling into the lower 50s partly cloudy. if you are heading out this morning to tailgate you are going to run into mist and fog by noon that will start to lift and we'll see sunshine this afternoon, mainly low to mid 60s. around the state doppler radar dry across the entire state. a lot of 50s mid to upper 50s eureka, chico, sacramento. 49 in tahoe. >>> if you are headed to that raider game, expect a lot of traffic on 80 by the coliseum later today, give yourself plenty of time. san jose clear conditions on 87 northbound light traffic a little haze you may need your wipers for drizzle, eastbound 580 north flynn roadwork until 11, three lanes blocked off, westbound good leaving tracy up towards the altamont pass. roadwork eastbound dumbarton until 6:00. >>> 4:56. dispute over the price of crab is keeping fishermen on dry groun
ABC
Dec 7, 2012 4:30am PST
cliff standoff is hitting the economy. the add pressure on washington to reach >>> live look from our vollmer peak cam east bay hills bay bridge there, you can see how chilly it is in spots and you don't see fog. both those conditions are out there. mike will update you on that in a few minutes. >>> in an hour the labor department will release november jobs report analysts the unemployment rate to remain at 7.9%. economists blame everything from sandy to worries over the fiscal i cliff. >> reporter: the fiscal cliff is still three weeks ago the economy may have already taken a hit economists predict the jobs report will show employers added fewer than 100,000 workers in november. superstorm sandy may be part of the reason, worry over the fiscal cliff may have also had an impact. some estimate at least 200,000 fewer jobs have been created this year, due to urn certainty about the fiscal cliff. -- >> reporter: >> the president: it is important we get this done now. >> reporter: in washington republicans and democrats are talking, no breakthrough locked in a stalemate. president obam
ABC
Dec 3, 2012 6:00pm PST
california. >> defense is a big part of southern california economy. cuts would affect there. >> this afternoon the speaker of the house delivered the g.o.p.'s proposal reducing national debt by $2.2 trillion. including new tax revenue but leading cuts for the top 2% in place. today the president ignored reporter questions about that republican plan but later in a statement the white house rejected it. abc 7 news believes a deal will be struck about the deadline, it will be the republican that's give ground. >> i think this time around, obama learned from his past mistakes and importantly, advantage that if he does nothing he's in better shape than republicans oor professor cane says congressional republicans holding middle class cuts hostage in order to force the president's hand. the problem is the g.o.p. cannot afford to carry out that threat and they're blamed for raising everyone's taxes in order to protect the rich and put republican party in a dark hole. >> mark, thank you. >> on wall street today, stock prices fell on concern the deficit deadlock here is hurting the economy. d
ABC
Dec 9, 2012 11:00pm PST
economy. and what is in a name? the east bay chant fighting to keep things the way they are. we will be right back. >>> good evening. i'm ama dates. in tonight's headlines two people were found tied nupt middle of the street in san francisco's visitation valley. police tell us one was shot in the face. both victims were rushed to san francisco general hospital. also in san francisco, occupants of a stalled car managed to get out before a cal train smashed into the vehicle. the collision on 16th street near seventh stopped service for a short amount of time. >>> the search suspended for a missing 77-year-old fair oaks man. philip maddingly was last seen on his tug boat late saturday evening while restoring a world war ii vessel. officials believe he may have fallen into the water. >>> we are learning more about a one-on-one meeting at the whoit house today between john baner and the president. with just 23 days to go, are they any closer to a decision to prevent the fiscal cliff. >> for the first time in three weeks, a face-to-face meeting at the white house. today no cameras as the p
ABC
Dec 2, 2012 5:00am PST
on the economy as the high stakes political poker game plays out on capitol hill. it's all coming up on abc this week with george stephanopoulos right here on abc7. >>> a san francisco man and his lost service dog are back together this morning. it's a story you will see only on abc7 news. >> good girl! oh, my sweetness! >> we first brought you the story nearly two weeks ago after someone stole his best friend and constant companion from outside the davis medical center. he took lola, a four-year-old yorkshire terrier everywhere, including to his dialysis appointments. his neighbor tracy took up the cause to find lola and got an e-mail yesterday. >> a woman said i found a dog running around lake merit in oakland and i could tell it was probably lost. i brought it home and i think it's your dog. >> thank you everybody so much! >> and it was, indeed, lola. the woman who found the dog called us first, and we gave her the neighbor tracy's e-mail. so quite the reunion there. we are so happy for him. lisa argen, our meteorologist, is here. this is a morning to really concentrate on the wea
ABC
Dec 5, 2012 6:00pm PST
do to the economy. >> we're going through a shift. >> it's called tv everywhere. later efforts by a bay area company to bring programs you want to lap top or tab blet. >> stay with us for that and raider days here on abc 7 begins in less than 20 minutes with a special pregame edition of abc 7 news at 6:30. >> then, we'll get going home with -- tomorrow with larry beil hosting a special pregame show at 4:00 p.m. >> raiders greats will gin us for that. at 5:00 coverage of the denver oakland gamelin begins live right here on abc 7. once the game ends, larry, lincoln and rod will return with after the game. >> then, it's abc programming. and a special edition of abc 7 >>> the ports of los angeles and long beach open again. stringing clerical workers reached an agreement last night with the port's 14 shipping lines ending a walk coy in lost trades. the clerk as agreed on a pact providing protection from joby& outsourcing and layoffs. the ports handle 44% of the shipping container traffic. >> economists say prop 30, tax hike approved by voters may slow growth but will not derail recovery
ABC
Dec 5, 2012 4:00pm PST
long term impact tax increases voter as proved in proposition 30 could have on state economy. abc 7 news joins us live now with the story. nannette? >> well, higher taxes are not expected to be a major hit to the economy. if you're looking for a job it's hard to hear about a possible slow down in highering. governor brown got voters last month to approve proposition 30. a temporary income tax increase and a boos0qz the sales tax to save public schools. but a new anderson forecast called it a double edged sword because that will have a slight drag on the committee, slowing california growth. >> republicans have been saying that sometime. it change behaviors. it's dampening economic recovery. >> the forecast estimates payroll growth hovering between 1% and 2% in next two years. it predicts the rate will average 10.5% by the end of the year, then improve to 9.7% next year with the jobless rate around 8.4% in 2014. >> jerry shelton is a school finance consultant and says the report doesn't take into aif the kth what would have happened if voters rejected prop 30. $6 billion in cuts, mos
ABC
Dec 3, 2012 5:00am PST
, food safety and research. economists fear if washington can strike a deal the economy will fall back into recession and employment will shoot up. tahman bradley, abc news, washington. >>> sarah palin stepped out on the red carpet -- nancy pelosi stepped out on the red carpet for a night of glamour she strolled before photographers at last night's kennedy center honors she talked about efforts to resolve the impasse. >> this is not a night of politics and policy, but since you asked, yes we think it would be a wonderful christmas gift to the american people for the middle class to have a tax cut come january. >> pelosi says she will try to force a house vote on a senate passed bill to break the deadlock. >> the kennedy center on -- -- they received the nation's highest award. >>> let's look outside good morning. good news, it is dry this morning as we look down on some of the clouds hanging around some of the fog trying to form as we look from mount tamalpais this morning. the key is it is trying to form, right now too many high clouds out there, that's keeping the fog from forming. h
ABC
Dec 7, 2012 5:00am PST
economy did take a hit from hurricane sandy but much less than what many expected. during november there were 146,000 jobs created that was much greater than the 85,000 that economists had expected. meantime, unemployment rate fell to 7.7%. higher close for stocks yesterday on signs of possible progress in the fiscal cliff negotiations. netflix ceo in the hot seat saying the company's online viewing exceeded a billion hours in june for the first time. posting on facebook does not qualify as the fair public disclosure of information publicly traded companies are supposed to give. if you have a student loan it may get easier to pay it back. the program -- allows students who started taking loans after october 1st, 2007 to plead financial hard ship and limit payments and have the loans forgiven after 20 years. do have you old appliances that need replacing? the so-called consumer durable goods owned by americans are the oldest in nearly half a century. research says that could mean a big spending spree is on the way that could stimulate the u.s. economy. at the new york stock exchange
ABC
Dec 10, 2012 4:30am PST
good reviews and sales especially in economy and mid-priced hotels. lego lord of the rings top notch production with dialogue and music from the films. players can join and leave a game without disrupting it. >> you have a friend coming over and they want to hop in and enjoy the experience, they can do that and when done they leave and you continue from where the two of you left off. >> the game is available for alld ñ >>> good morning. live look on both sides of the bay camera looking west towards san francisco. clear out there, not terribly cold. -- [ inaudible ] >>> funeral services will be held today for the second of two teenaged girls murdered in oakland. 16-year-old and 15-year-old were shot and killed thanksgiving weekend. sartain was buried friday, gerstel's family held a viewing yesterday and will bury her today. police are not saying anything about suspects or motives. >>> old neighborhood in north oakland is undergoing a name change. residents don't find it attractive. real estate agents and brokers are selling the neighborhood as nobe some say it is a plan to sanitize
ABC
Dec 4, 2012 6:00pm PST
lines is costing the u.s. economy $1 bi=es; a day in lost trade. the union jobs claims jobs being shipped overseas. the port says it's offering clerks lifetime job security. >> let's go to job security. state lawmakers deciding how to dole out money to help schools become more energy efficient. and what's happening now that prop 39 is lone. >> we want to be first in line. >> the principal is pleading his case to give the campus some of the new retro fit money. 7% of the public schools are more than 25 years old and in need of the funding badry. >> if we can look at energy efficiently, you're having savings year over year. and will have more money. >> more than 10,000 public schools together spent $700 million a year on energy. that is how much they spent on supplies. thanks to vote who approved proposition 39 last month, disadvantaged schools will be able to pay for energy retro fits of the proposition 39 closes a loophole that mostly benefited out of state corporations. it's a funding boost for the state. half goes to general fund. other half to energy needs of schools. >> that o
ABC
Dec 7, 2012 2:05am PST
driving. 41 highway and 39 over all. that's good fuel economy. but far short of the 47 m p g that ford claims. >> ford contend it heard from some of the drives of fusion that they have gotten more than 47 miles per hour. and ford adds that driving styles another factor can cause mileage to vary. >> back to football now. festive raider fans have made their mark as most outlandish in football. raider nation truly in the league of its own. katie checked in with fans at raiderville before tonight's game. >> raider fans dedicated as they are decorated. most are outgoing. some are shy like she wouldn't tell me her age. >> she's young at heart. >>reporter: she and her son came up from l.a. >> this is our first raider game so this is exciting for u us. >>reporter: excitement and for some acceptance. >> that's right. it's all about having a good time. raiders broncos tonight matter all about having a good time. >>reporter: good time easy to find in raiderville and fans get to meet former players and snag an autograph but super fan james sorenson of hayward has all the ink he needs. >> al davis
ABC
Dec 6, 2012 5:00am PST
u.s. economy goes over the fiscal cliff. survey says 1 1/2 million americans could lose jobs if lawmakers fail to come to agreement automatic spending cuts and tax increases are triggered inside. nationwide insurance warning computer network hacked names, birth dates, social security and driver licenses numbers likely stolen nationwide is apologizing and offering identity theft profession for years. hostess may have a buyer for its wonder bread bran. even with the sale, it could take -- take months before the bread brand wraps up again. >>> estimated 300 million dollar magic kingdom make overincludes pagers so and serving beer and wine themó?5to past five years. >>> abc7 is owned by disney. >>> big change that could be coming to storm warnings because of superstorm san >> dispute forcing bay area -- >>> welcome back. check out last three hours on live doppler, quiet radar returns over the ocean is the beam shooting into the clouds nothing is talling but moist with mist hanging in the -- nothing is falling but moist with the mist hanging in the air clouds 900 feet you may be dr
ABC
Dec 5, 2012 5:00am PST
struggling housing market. a report on california's economy shows a recovery that continues to plod along. katie marzullo is live in the newsroom with analysis. >> reporter: for the last several years when home prices have have been in the news it has been bad, but not this morning. home prices are up, surged more than 6% in one year the biggest jump in six years. median price up $18,000 to $178,000, and california is one of the top 10 states where prices are rising the fastest. new this morning, anderson economic forecast from ucla is out, says housing improvements will help the state and california will continue to grow, but not as much as it used to. the forecast says the new tax revenues ungovernor brown's prop 30, will slow -- under governor brown's prop 30 will slow economic growth but not derail recovery. the jobless rate in california should average 10.5% by the end of the year. it should improve to 9.7% in 2013 and fall further to 8.4 in 2014. one other note of good news, u.s. banks seeing best profits in six years and are therefore leaning more freely. katie marzullo, -- lending
ABC
Dec 10, 2012 2:00am PST
latest meeting to shore up the economy. and what is in a name? the east bay chant fighting to keep things the way they are. we will be right back. >>> good evening. i'm ama dates. in tonight's headlines two people were found tied nupt middle of the street in san francisco's visitation valley. police tell us one was shot in the face. both victims were rushed to san francisco general hospital. also in san francisco, occupants of a stalled car managed to get out before a cal train smashed into the vehicle. the collision on 16th street near seventh stopped service for a short amount of time. >>> the search suspended for a missing 77-year-old fair oaks man. philip maddingly was last seen on his tug boat late saturday evening while restoring a world war ii vessel. officials believe he may have fallen into the water. >>> we are learning more about a one-on-one meeting at the whoit house today between john baner and the president. with just 23 days to go, are they any closer to a decision to prevent the fiscal cliff. >> for the first time in three weeks, a face-to-face meeting at the white
KOFY
Dec 3, 2012 9:00pm PST
hit california. >> defense aerospace big part of southern california economy so those cuts would develop effect there. >>reporter: this afternoon speaker of the house boehner delivered the g.o.p. proposal. which would reduce the national debt by 2.2 trillion dollars including 800 billion in new tax revenue but would leave the bush tax cuts to the top 2% in place. photo op today the president ignored reporter questions about that republican plan but later in a statement the white house rejected it. we believe a deal will be struck before the deadline and it will be the republicans that give ground. >> i think this time around obama has learned from his past mistakes and more importantly he has the advantage that if he does nothing he's in better shape than the republicans are. >>reporter: professor says republican holding the middle class hostage trying to force the president hand. problem is they can't afford to carry out the threat. if the g.o.p. is blamed for raising taxes on everybody because they were trying to protect the rich, be putting themselves in a dark hole. in the ne
KOFY
Dec 5, 2012 9:00pm PST
term impact, the tax increases voters approved in proposition 30 could have on our state's economy. nannette miranda has the story tonight from sacramento. >> governor brown successfully got voters to approve proposition 30, a temporary income tax increase on high earners and a boost to the statewide sales tax to save public schools. but a new forecast calls it a double-edged sword because it will drag the economy slowing growth. >> republicans have been saying that for some time. any time that you have higher taxes, it changes behavior but it also dampens the economic recovery. >> they estimated payroll growth to be between 1-2% in the next two years. it predicts unemployment rate will average 10.5% by the end of the year and then go to 9.7% next year with a jobless rate of 8.4% in 2014. >> i think it's an oversimplification. >> an economist who is school finance consultant. he says it doesn't take into account if they rejected prop 30 six billion in cuts mostly to public education. he thinks californians want to trade short term growth for an investment in kids. >> we would have
KOFY
Dec 7, 2012 12:00am PST
and 39 over all. that's good fuel economy. but far short of the 47 m p g that ford claims. >> ford contend it heard from some of the drives of fusion that they have gotten more than 47 miles per hour. and ford adds that driving styles another factor can cause mileage to vary. >> back to football now. festive raider fans have made their mark as most outlandish in football. raider nation truly in the league of its own. katie checked in with fans at raiderville before tonight's game. >> raider fans dedicated as they are decorated. most are outgoing. some are shy like she wouldn't tell me her age. >> she's young at heart. >>reporter: she and her son came up from l.a. >> this is our first raider game so this is exciting for u us. >>reporter: excitement and for some acceptance. >> that's right. it's all about having a good time. raiders broncos tonight matter all about having a good time. >>reporter: good time easy to find in raiderville and fans get to meet former players and snag an autograph but super fan james sorenson of hayward has all the ink he needs. >> al davis first trophy and
Search Results 0 to 29 of about 30